Multiple choice

Which of the following is best suited to businessmen?

  1. Income fund

  2. Balanced fund

  3. Growth fund

  4. Taxation fund

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Growth funds focus on capital appreciation by investing primarily in equities with high growth potential, making them ideal for businessmen who typically have higher risk appetite and longer investment horizons. Income and balanced funds suit conservative investors, while taxation funds are for tax planning.